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Linda Kardashian is a new accountant with Indigo Discount Retail Company. Indigo purchased merchandise on account for $$9,000.$ The credit terms are $\frac{1}{10},\frac{n}{30}.$ Linda has talked with

the company's banker and knows that she could earn $9\%$ on any money invested in the company's savings account.

$($a$)$

Your answer is partially correct.

Should Linda pay the invoice within the discount period or should she keep the $$9,000$ in the savings account and pay at the end of the credit period? $($Use $360$ days for calcu

Linda

take the discount as